Growing investor sophistication will impose greater demands on fund firms, as Asia's middle class expands and pension schemes are reformed, argued panelists at an AsianInvestor forum.
The custodian has hired a former central banker in Kuala Lumpur as it looks to tap rising demand for servicing of international investments in Asia. A Korea office may also be on the cards.
The new hires will oversee the administrative arm of the country’s forthcoming voluntary private retirement scheme.
Managers can now apply for licences to provide products under Malaysia’s proposed private retirement scheme. The Securities Commission answers AsianInvestor's questions about how the system will work.